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Nullified equal loss property and equal division values

Author

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  • Sylvain Ferrières

    (CRESE EA3190, Univ. Bourgogne Franche-Comté
    HHL Leipzig Graduate School of Management)

Abstract

We provide characterizations of the equal division values and their convex mixtures, using a new axiom on a fixed player set based on player nullification which requires that if a player becomes null, then any two other players are equally affected. Two economic applications are also introduced concerning bargaining under risk and common-pool resource appropriation.

Suggested Citation

  • Sylvain Ferrières, 2017. "Nullified equal loss property and equal division values," Theory and Decision, Springer, vol. 83(3), pages 385-406, October.
    • Handle: RePEc:kap:theord:v:83:y:2017:i:3:d:10.1007_s11238-017-9604-1
    DOI: 10.1007/s11238-017-9604-1
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    Cited by:

    1. Takumi Kongo, 2018. "Effects of Players’ Nullification and Equal (Surplus) Division Values," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-14, March.

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